Methode Electronics in its €132 million acquisition of Nordic Lights Group Corporation

On February 28th, 2023, Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced that it has entered into a definitive agreement pursuant to which it will launch a recommended public tender offer for all of the outstanding shares of Nordic Lights Group Corporation, at an offer price of EUR 6.30 per share, for an aggregate consideration of EUR 132 million.

Nordic Lights is a premium provider of high-quality lighting solutions for heavy-duty equipment and a public limited liability company incorporated in Finland with its shares admitted to trading on Nasdaq First North.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Methode, alongside Hannes Snellman Attorneys Ltd in Finland.